First of all i want to say im very sorry for the misspeling and the background sound in the vedio.
But the important things isint that. The important thing is that you understand what im trying to tell you.
First of all we start to look out for bigger picture, to see in wat momentiuom we are in. There for we zoom out and look for the trend we currenlty are in. As you see in the vedio we zoomed out and we saw that we are in a downtrend.
Secondly we moved from weekly time fram to daily time frame to see our resistance lines and our support line.
In daily time frame we saw that we hade a W-pattern that we hadent completed yet, there for we expect the gold to go down and complet this W-pattern.
Thirdly we dived into smaller time frame to see any pattern which culd show us a picture that we are moving to complet our W-pattern. At 15 min we saw a bear flag play out, and if that bear flag happens we will see a move down to W- pattern neck. And then keep moving uppwards to next resistance line.
At the end of the vedio is showed you a possbel head and shoulder play out, but the head and shoulder pattern dosent need to be that big, it can even make a head and shoulder pattern in the falling wedge.
The reson why gold keep going uppwards is becus of usd dollars weakness. But however we might later in some days see a fake out play out and then see a huge fall.
( As long as we see the usddollar keep be weak, we will se gold grow. )
And i beg for pardon for the noisy background and for bad quallty.
Pleas note that this is my own idea on my own opion, pleas do not take the trade based on my ideas. Risk on your own.
But the important things isint that. The important thing is that you understand what im trying to tell you.
First of all we start to look out for bigger picture, to see in wat momentiuom we are in. There for we zoom out and look for the trend we currenlty are in. As you see in the vedio we zoomed out and we saw that we are in a downtrend.
Secondly we moved from weekly time fram to daily time frame to see our resistance lines and our support line.
In daily time frame we saw that we hade a W-pattern that we hadent completed yet, there for we expect the gold to go down and complet this W-pattern.
Thirdly we dived into smaller time frame to see any pattern which culd show us a picture that we are moving to complet our W-pattern. At 15 min we saw a bear flag play out, and if that bear flag happens we will see a move down to W- pattern neck. And then keep moving uppwards to next resistance line.
At the end of the vedio is showed you a possbel head and shoulder play out, but the head and shoulder pattern dosent need to be that big, it can even make a head and shoulder pattern in the falling wedge.
The reson why gold keep going uppwards is becus of usd dollars weakness. But however we might later in some days see a fake out play out and then see a huge fall.
( As long as we see the usddollar keep be weak, we will se gold grow. )
And i beg for pardon for the noisy background and for bad quallty.
Pleas note that this is my own idea on my own opion, pleas do not take the trade based on my ideas. Risk on your own.